Home Business Wall Street towards opening little move, focus on corporate quarterly reports

Wall Street towards opening little move, focus on corporate quarterly reports

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Wall Street should open today session little moved, after the rebound on the eve of the day. About an hour and a half after the start of trading in New York, futures on the main US indices move mixed around parity: if those on Dow Jones and S & P500 advance, respectively by 0.25% and 0.11% , foreshadowing a slightly higher start, the contract on the Nasdaq instead shows a weak -0.25%, suggesting a start just below par.

Fears for the spread of the Delta variant of the coronavirus seem to have faded into the background, despite yesterday the director general of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, warned that “we are in the early stages of another wave of infections and deaths “. Concerns about rising inflation are also in the background, even if the markets are still navigating on sight and volatility prevails.

In the absence of significant macro data, operators are looking above all to the corporate sector with the quarterly reports to come. Netflix accounts arrived last night with markets closed, which disappointed expectations on the earnings front. The outlook on subscriptions for the third quarter is also disappointing, for which the American company expects an increase in subscribers of 3.5 million, below the +5.86 million new users estimated by analysts.

The accounts of Coca-Cola are definitely better than expected. The giant of the most famous drink in the world reported in the second quarter of the year a turnover higher than the levels of 2019, and therefore higher than the levels before the Covid-19 pandemic. In premarket the stock jumped by more than + 2.4% to $ 57.18. Johnson & Johnson, which closed the second quarter with better than expected profits and turnover, should also be monitored. J&J said it expects a global sale of its Covid-19 vaccine worth $ 2.5 billion by 2021.

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